Mutual Advisors LLC Sells 1,553 Shares of Roblox Corporation $RBLX

Mutual Advisors LLC lessened its stake in Roblox Corporation (NYSE:RBLX) by 23.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,987 shares of the company’s stock after selling 1,553 shares during the period. Mutual Advisors LLC’s holdings in Roblox were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Roblox during the first quarter worth $137,379,000. Ieq Capital LLC lifted its holdings in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock worth $189,840,000 after purchasing an additional 2,207,897 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total value of $819,300.00. Following the sale, the insider directly owned 278,642 shares in the company, valued at $38,048,565.10. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBLX. JPMorgan Chase & Co. boosted their target price on Roblox from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Benchmark boosted their price target on Roblox from $77.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Friday, August 22nd. Barclays lifted their target price on shares of Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Bank of America boosted their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.22.

Roblox Trading Down 1.2%

Roblox stock opened at $132.81 on Monday. The stock has a 50-day moving average price of $129.30 and a 200 day moving average price of $104.28. The company has a market capitalization of $85.67 billion, a price-to-earnings ratio of -92.87 and a beta of 1.63. Roblox Corporation has a 52 week low of $39.30 and a 52 week high of $150.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.